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Karachi, July 26, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on July 26, 2013 at 10:00 a.m. at 17-Abid Majeed Road, Lahore Cant has approved the following:
(i) Cash Dividend Nil
(ii) Bonus Shares Nil
(iii) Right Shares Nil
The financial results of the Company for the nine months and quarter ended June 30, 2013 are as follows:
Nine months ended Quarter ended
30-Jun-13 30-Jun-12 30-Jun-13 30-Jun-12
Rupees Rupees Rupees Rupees
Gross sales 22,700,482,625 23,477,338,701 8,877,212,378 6,222,068,013
Less: FED, Sales tax and Others (964,936,500) (1,732,140,115) (415,374,534) (446,988,659)
-------------- -------------- ------------- -------------
Net sales 21,735,546,125 21,745,198,586 8,461,837,844 5,775,079,354
Cost of sales (18,803,302,693) (10,071,695,696) (7,485,541,704) (5,118,764,746)
-------------- -------------- ------------- -------------
Gross profit 2,932,243,442 2,673,502,890 976,296,140 656,314,608
Administrative expenses (372,558,620) (356,191,409) (133,139,778) (120,947,623)
Distribution and marketing expenses (232,120,605) (15,556,358) (119,433,762) (3,463,413)
Other operating expenses (109,440,870) (87,193,976) (29,842,884) (2,113,382)
Other operating income 115,291,358 83,933,171 41,508,816 34,006,974
-------------- -------------- ------------- -------------
(598,828,737) (375,008,572) (240,907,608) (92,517,444)
-------------- -------------- ------------- -------------
Operating profit 2,333,414,705 2,298,494,313 735,388,532 563,797,164
Finance cost (831,969,765) (972,770,111) (350,428,917) (452,893,732)
-------------- -------------- ------------- -------------
Profit before taxation 1,501,444,940 1,325,724,207 384,959,615 110,903,432
Taxation (445,092,844) (377,132,704) (128,941,761) 15,399,338
-------------- -------------- ------------- -------------
Profit after taxation 1,056,352,096 948,591,503 256,017,854 126,302,770
-------------- -------------- ------------- -------------
Basic earnings per share 17.67 15.92 4.28 2.19
-------------- -------------- ------------- -------------
Diluted earnings per share 17.67 15.87 4.28 2.11
-------------- -------------- ------------- -------------
We will be sending you requisite copies of printed accounts of the Company.
For more information, contact:
Muhammad Rafique
Company Secretary
JDW Sugar Mills Limited
17-Abid Majeed Road,
Lahore Cant, Lahore.
PABX # 042-36664891-92, 36802573-74
Fax: 042-36854490
E-mail: jdwho@jdw-group.com